Controladora Vuela Compania de Aviacion (NYSE:VLRS) Director Sells $377,000.00 in Stock

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Director William Dean Donovan sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $7.54, for a total value of $377,000.00. Following the transaction, the director directly owned 2,996,050 shares of the company’s stock, valued at $22,590,217. The trade was a 1.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

William Dean Donovan also recently made the following trade(s):

• On Tuesday, May 12th, William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion stock. The shares were sold at an average price of $7.33, for a total value of $366,500.00.

Controladora Vuela Compania de Aviacion Trading Up 0.1%

VLRS opened at $7.83 on Monday. The business has a 50 day simple moving average of $7.33 and a two-hundred day simple moving average of $8.08. The firm has a market capitalization of $912.40 million, a price-to-earnings ratio of -7.31 and a beta of 1.77. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.67 and a quick ratio of 0.66. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a one year low of $4.15 and a one year high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its quarterly earnings results on Monday, April 27th. The transportation company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.56). The business had revenue of $770.00 million for the quarter, compared to the consensus estimate of $44.60 million. Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. Analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.19 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in Controladora Vuela Compania de Aviacion by 55.4% during the 1st quarter. Bank of America Corp DE now owns 588,981 shares of the transportation company’s stock valued at $4,264,000 after buying an additional 209,978 shares in the last quarter. Royal Bank of Canada increased its position in Controladora Vuela Compania de Aviacion by 6,204.9% during the 1st quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock valued at $56,000 after buying an additional 7,632 shares in the last quarter. Empowered Funds LLC bought a new position in Controladora Vuela Compania de Aviacion during the 1st quarter valued at approximately $1,103,000. Cetera Investment Advisers bought a new position in Controladora Vuela Compania de Aviacion during the 1st quarter valued at approximately $258,000. Finally, Dorsey Wright & Associates bought a new position in Controladora Vuela Compania de Aviacion during the 1st quarter valued at approximately $1,840,000. Institutional investors own 53.32% of the company’s stock.

Wall Street Analysts Forecast Growth

VLRS has been the topic of a number of research analyst reports. Zacks Research downgraded Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Monday, April 20th. JPMorgan Chase & Co. reduced their target price on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Itau BBA Securities downgraded Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 target price on the stock. in a report on Thursday, May 7th. Finally, Barclays reduced their target price on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.86.

About Controladora Vuela Compania de Aviacion

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.